<B>Plainwell Receives Final Bankruptcy Court Approval</B>

Plainwell Inc. received final approval from the Bankruptcy Court for its debtor-in-possession financing and other first day orders. The DIP agreement calls for Congress Financial Corp. to provide a new $55 million credit facility to fund the company's ongoing operating needs during its voluntary restructuring under Chapter 11 of the United States Bankruptcy Code.

January 2001
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